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JLL is pleased to exclusively offer the opportunity to acquire a fee simple, NN-leased Walgreens in Citrus Heights, CA in the Sacramento MSA. The property is ideally positioned on a 1.83-acre parcel at the signalized intersection of Dewey Drive and Greenback Lane seeing over 67,000 VPD, with minimal competition in the immediate area. Walgreens, an investment-grade tenant (S&P: ‘BBB/Stable’), has occupied the property since 2000, with just over 11 years remaining on the primary term of the lease.
This offering presents the rare opportunity for an investor to acquire a well-positioned Walgreens demonstrating significant year-over-year sales growth, a recent lease extension of 10 years, and dense surrounding demographics in a California MSA experiencing significant population growth.
· Net lease structure with investment-grade tenant
· Explosive population growth
· 24-hour store with strong unit performance
· High traffic count in a dense California suburb